Tanalys

USD/JPY Intraday: key resistance at 119.1.

Pivot: 119.1

Our preference: Short positions below 119.1 with targets @ 118.6 118.25 in extension.

Alternative scenario: Above 119.1 look for further upside with 119.35 119.9 as targets.

Comment: The upward potential is likely to be limited by the resistance at 119.1.

Supports and resistances:

119.9 ***

119.35 **

119.1 ***

118.92 Last

118.6 ***

118.25 **

118 ***

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